Shervin Pishevar Discusses Driverless Car Regulations In Tweets

If it might be possible to write an entire book based on a series of Tweets issued by one man, the 21-hour barrage unleashed by super angel investor Shervin Pishevar would be a safe bet.

The Iranian-born American high-tech investor is a certified legend in Silicon Valley. Shervin Pishevar is the brain trust behind so many successful tech-sector projects that what he has to say today – be it on Twitter or anywhere else – gives everyone pause to stop and digest the meaning of it all.

Shervin Pishevar covered so many topics, it’s difficult to pick just one and explore the larger implications rolling out from what he said. But we can make some general observations.

For example, one of his themes involved the role of government in regulating private industry. Shervin Pishevar touched in this topic from several angles within the 50-plus Tweets he posted.

An important area where government regulations and standards will play a major role, Mr. Pishevar said, will be in the future of automated or “driverless” cars. The government has long been deeply involved in regulating the auto industry, including setting such parameters as safety standards, fuel mileage requirement and requirements for certain equipment, from seat belts to airbags.

Shervin Pishevar said the driverless car industry has a lot of work to do in this area. That’s because there are many competing brands and models. All of them are developing vastly varied and unique technologies that are proprietary. Patents, of course, are jealously guarded by each manufacturer. Thus, the government’s needs to create standards and regulations that are universal, and which apply to all makes, models, systems and technologies.

That will mean, sooner or later, the diverse driverless car industry must settle on some universal basic that makes for a uniform system.

Standards for driverless cars was just one of many topics Mr. Pishevar Tweeted about that created incredible buzz. For example, he covered the stock market, Bitcoin, inflation, Silicon Valley, underemployment, interest rates, Fed policy, the bond markets and immigration policy.

Media pundits hung on every world in what became a Twitter event for the ages.

Shervin Pishevar: The World Needs Bitcoin

Shervin Pishevar discussed the devaluation of government bonds. While most of his attention is on the U.S., it is hard to dismiss how low consumer confidence in bonds is growing across the globe. Can Bitcoin pick up the slack? Maybe a year ago financial experts would have scoffed at the idea, but the situation is changing.

One of the most notable factors that fuel a growing consumer confidence in Bitcoin is the entrance of new projects. In the cryptocurrency market, they are called Initial Coin Offerings (ICO). At the end of 2017, the price of Bitcoin skyrocketed. Many scams entered the market on the coattails of Bitcoin’s success.

As one might expect, the price of Bitcoin plunged. What is surprising is that this did not slow the growth of the cryptocurrency market. Yes, the attention of regulators has made entrance into the market more difficult. But, it seems to have only served to increase the quality of new projects entering the crypto space.

Shervin Pishevar predicted a second decline in the price of Bitcoin. However, he expected this to be temporary. Shervin Pishevar sees real value in Bitcoin. The world needs a fundamentally secure way to trade digital assets. Bitcoin provides the cryptographic legwork for establishing a global network of secure transactions. It decentralized power so as to allow the small entrepreneur to become more significant.

Innovation and entrepreneurs often go hand in hand. Shervin Pishevar called attention to large U.S. corporations who stifle innovation by detrimentally overshadowing small business. Shervin Pishevar even went on to say that some of these large U.S. corporations should be considered monopolies.

It is hard to argue against Shervin Pishevar when one looks at the market share of some of these enormous tech companies. Just consider the impact of the once desolate Silicon Valley.

It is true that Bitcoin maintains a dominating share of the overall cryptocurrency market cap. Along with a few other coins, they own the majority of investments in cryptos. But, this is changing. The increasing rate of small ICO investments illustrates the growing opportunities within the crypto space.

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